Éamon Ó Cuív (Galway West, Fianna Fail)
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178. To ask the Minister for Finance the number of agencies, boards or other bodies under the aegis of his Department that have been disbanded or amalgamated or whose functions were subsumed back into his Department since 2011; the number of such bodies set up by his Department since that date; the names of the bodies in each case; and if he will make a statement on the matter. [3404/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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Since 2011, one body under the aegis of my Department has been disbanded. Sealuchais Árachais Teoranta (SAT), a statutory company under the Insurance (Miscellaneous Provisions) Act, 1985 acted as a non-trading holding company for Icarom plc (formerly the Insurance Corporation of Ireland) which was under administration. The two Directors of the company were officials of my Department. The administration of Icarom came to a close in early 2013. The Office of the Attorney General was consulted at the time about SAT and approved the intention to wind it up under the voluntary strike off procedure. SAT was formally struck off the companies register on 5 October 2014 and is no longer in operation.

Six bodies have been set up under the aegis of my Department since 2011 as follows:

Anglo Irish Bank and Irish Nationwide Building Society merged in July 2011 following the transfer of all assets and liabilities of Irish Nationwide Building Society to Anglo Irish Bank and subsequently became known as Irish Bank Resolution Corporation (IBRC).

The Irish Fiscal Advisory Council was established on an interim basis in July 2011 and put on a statutory footing in December 2012 by the Fiscal Responsibility Act.

The Credit Union Restructuring Board (ReBo) was established in January 2013. It ceased operations in July 2017 and all board members have resigned. A caretaker board consisting of two Departmental officials and a Central Bank nominee will remain in place until dissolution is effected through primary legislation which will effect the transfer of all of ReBo’s assets and liabilities to the Minister for Finance.

The Strategic Banking Corporation of Ireland is a new company established in 2014.

The Tax Appeals Commission was established in 2016 and replaces the Office of the Appeal Commissioners.

The Financial Services and Pensions Ombudsman Act 2017 merged the offices of the Pensions Ombudsman and the Financial Services Ombudsman into a single office which provides a one stop shop for people with unresolved complaints against financial service and pension providers. The Office of the Financial Services and Pensions Ombudsman was established on 1 January 2018. Within that office is the Financial Services and Pensions Ombudsman Council. Prior to the amalgamation, the Financial Services Ombudsman’s Council was previously a body under the aegis of my Department and the Pensions Ombudsman was a body under the aegis of what is now the Department of Employment Affairs and Social Protection.